Commercial Real Estate & Business News – November 22, 2022
Tempe Releases Full Details of Proposed Coyotes’ Arena Development Agreement Over the next two weeks, Tempe City Council will consider a development agreement with the Arizona Coyotes to build an arena and entertainment district on the northeast corner of Rio Salado Parkway and Priest Road, but according to public documents, the…» Caliber Will Develop 100-Acre […]
Commercial Real Estate & Business News – November 21, 2022
Producer Price Index Posts Modest Increase, Hinting at Downward Trend for Inflation The producer price index (PPI) increased by a seasonally adjusted 0.2% in October, the Bureau of Labor Statistics said Tuesday. The 0.2% rise, a smaller increase than Wall Street analysts expected, followed last week’s report of a monthly increase in the…» Construction Starts […]
Commercial Real Estate & Business News – November 18, 2022
Mortgage Demand Rose on the Back of Slower Inflation Growth Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of…» Developers Get Final Approval Needed to Redevelop Metrocenter Mall in […]
Commercial Real Estate & Business News – November 17, 2022
Here’s The Arizona Economic Development Forecast for 2023 As 2022 winds down, the Arizona economic development sector has much to celebrate in the way of wins. According to the Arizona Commerce Authority (ACA), the state ranked No. 3 for economic outlook — a 10-spot jump from No. 13 the prior year. With…» Multifamily Rent Growth […]
Commercial Real Estate & Business News – November 16, 2022
Coyotes’ Proposed Tempe Entertainment District Goes to Public Vote A Tempe entertainment district and development that has lacked clarity over the past six months gained a bit of traction last week. The Tempe City Council voted unanimously (7-0) Thursday to reserve May 16 as the referendum date for…» Massive Mesa Warehouse Project Sails Through Council […]
Commercial Real Estate & Business News – November 15, 2022
On The Rise: Phoenix’s Population Boom Boosts Local CRE With a growing population bringing thousands of working-age people to an increasingly diversifying economy and a resiliency tested by the depths of the Great Recession, Phoenix is pushing its way to prominence on the national stage, drawing investment and attention as…» Developer Set to Break Ground […]